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RFID billions dollars market exploded in 2015

Chuangxinjia www.nfctagfactory.com 2015-11-04 15:54:59
RFID technology has achieved rapid development on 16th,October , 2015 to 2015.The total sales are 
$10 billion. many mature markets and new market still has great development space. IDTechEx, however, 
Research company, says companies said every company must consider its own development positioning as 
there are more and more new enterprise rush into the market
 
In 2015, 38% market value of the RFID market comes from the RFID electronic tag itself - 2015 RFID 
electronic tag sales totaled 9.1 billion, 7.8 billion annual sales of 2014, mainly including all of the passive
and active RFID RFID frequency band.
 
Increase of RFID market mainly due to the rapid growth of UHF passive RFID tag (also known as RAIN 
RFID, UHF RAIN RFID UHF RFID industry alliance). UHF RFID technology is widely used in apparel electronic
label industry, garment industry has about 3.75 billion only in 2015 UHF RFID tags, about 3 billion in 2014. 
Clothing label is the main application of UHF RFID market, including 2015 data is only for less than 15% of the
total clothing retail addressable market proportion.
 
For short frequency HF RFID, business applications have been developing, because Banks have adopted 
safety performance higher RFID card, contactless payment - 2015 Banks and other areas of the application 
of RFID noncontact card a total of no more than 2 billion. NFC is also a kind of RFID technology, realizing the
backward compatibility with HF RFID standards. In 2015, in addition to pay and personal ID application, NFC
electronic tag sales volume has reached to 230 million, widely used in labeling computer game characters, 
and the bluetooth pairing set consumer electronics devices. RFID niche market has a lot of room to grow and
has higher yield.
 
However, RFID continues to grow,which makes a lot of new players also appeared the market , so companies
have to seriously consider their own positioning. Tag and reader hardware vendors want to create a software 
platform - all want to challenge to transfer from the product to horizontal level software, creating a software
platform usually needed to consider the vertical application. Although RFID market is growing rapidly, but still
only a few firms can do RFID sales of $100 million. So RFID market has a lot of opportunities, but if the position
is not accurate, failure risk is very big also.